Friday 21 August 2020

Alibaba and its cloud are growing like a weed, but the cloud is losing money

‘Fluid situation’ with USA not overly worrying CEO, who says company will comply with any new rules

Alibaba has reported another rampaging quarter in which it recorded US$21.76bn revenue and net income of $5.59bn, a 34 percent and 28 percent jump respectively, but while its cloud unit also posted strong growth the company can’t yet say when it will turn a profit.…

via The Register - Data Centre: Cloud

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